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4min chapter
Bonds Are Not Vegetables Says HSBC’s Steven Major: Macro Matters
FICC Focus
Shifting Trends in Consumption: From Goods to Services
This chapter explores the evolving trends in personal consumption, emphasizing the shift from goods to services in the US and Europe over the past 40 years. It examines the impact of demographic changes, including immigration and its effects on economic growth, inflation, and wage dynamics.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode